Make life easier with cardless banking

Standard Bank recently launched an innovative new product, called BlueWallet.

“BlueWallet is a prepaid online account from Standard Bank available to anyone in Namibia with a valid mobile number. Apart from being able to send money to anyone, you can purchase essentials like prepaid electricity. There are also value-added services, like paying your DSTV and GOtv or topping up your Boxoffice account or airtime,” explains Bradwyn Beukes, head of digital channels at Standard Bank.

“The most popular feature on BlueWallet is BlueVoucher, which allows you to withdraw money without a card at any Standard Bank ATM,” Beukes says.

When you want to withdraw cash at an ATM you will receive a voucher number and a PIN code, which you punch in at the ATM. You can also send a voucher to someone else. As an additional security feature you, as the issuer, will still receive the PIN, which you then have to send separately to the receiver. This allows you a second opportunity to ensure that you have sent the money to the correct person.

BlueVouchers can be redeemed at any Standard Bank ATM by selecting Cardless Services on the ATM. With BlueVouchers you have a minimum of N$50 and a maximum limit of N$2000 per transaction to withdraw money at an ATM.

When you first register for BlueWallet you will have a default limit of N$2000 per month, which you can use to make purchases and payments. Should you wish to transact for more than this amount, you’d be required as per Bank of Namibia regulations to go to any Standard Bank Branch and provide them with copies of your Namibian ID, proof of residence and proof of income, which may be in the form of a payslip.

“BlueWallet also has a Company Wallet option. The Company Wallet allows for bulk file uploads, meaning you can issue multiple wallets at one time,” explains Beukes. This is ideal for businesses wanting to pay salaries, for instance. Simply visit any Standard Bank Branch to apply for a Company Wallet. Business registration documents will need to be provided as a prerequisite. To access and register your BlueWallet simply dial *140*6626#.